News / Europe

Possible Candidates Emerge to Replace IMF Chief Strauss-Kahn

Dominique Strauss-Kahn (C), head of the International Monetary Fund (IMF), departs a New York Police Department precinct in New York late May 15, 2011.
Dominique Strauss-Kahn (C), head of the International Monetary Fund (IMF), departs a New York Police Department precinct in New York late May 15, 2011.
TEXT SIZE - +
Lisa Bryant

As International Monetary Fund chief Dominique Strauss-Kahn remains jailed in New York on sexual assault charges, speculation is already simmering on who might succeed him.  

It remains uncertain whether the current IMF head, France's Dominique Strauss-Kahn, will be ordered to stand trial on charges of sexually assaulting a hotel maid.  Strauss-Kahn claims he is innocent.

Even if this is the case, a number of observers believe his career at the IMF is over - and that the allegations, true or false, have also likely dashed any hopes for a French presidential run next year.

Speaking from Brussels, where she was attending a European Union ministerial meeting, Austria's finance minister, Maria Fekter, suggested Strauss-Kahn should step down to avoid further damaging the IMF.

Spanish Finance Minister Elena Salgado says it is up to Strauss-Kahn to make that decision. But Salgado said the sexual assault charges Strauss-Kahn has been accused of are very serious.  While justice must take its course, she said, her solidarity is with the woman who suffered the assault - if those charges proved true.

Financial analysts are now speculating on a number of possible candidates to replace Strauss-Kahn, including French Finance Minister Christine Lagarde.

While he would not discuss personalities, Karel Lannoo, chief executive of the Brussels-based Center for European Policy Studies, offers the profile of the ideal IMF chief.

"He needs at the same time to be a good economist - a good macro-economist above all - and preferably someone with a Ph.D., like Strauss-Kahn had a Ph.D. - he was welcomed on that ground four years ago because he had a Ph.D. in economics.  But at the same time, who is a good diplomat," he said.

The job to head the International Monetary Fund has traditionally gone to a European, and there were already indications Tuesday that Europe would be plugging for it to stay that way.

European Commission President Jose Manuel Barroso told Dutch reporters that if it is necessary to choose a successor to Strauss-Kahn, the European Union should present a candidate.  German Chancellor Angela Merkel also says Europe should have good candidates ready.

But other experts are looking at potential candidates outside Europe - including in emerging economies like China or Brazil. Analyst Lannoo says their lobbying weight will depend on how well they are doing at home. "If they, for example, manage to get their own economy well in order - take Brazil for example - they probably have a case to say, 'look, we can advance a good candidate.'"

Strauss-Kahn was widely speculated to be preparing to leave the IMF shortly, to prepare a presidential bid. "He was stepping down anyway because of [the presidential race], but have the Europeans prepared for this?  I would say not," said Lannoo.

The names of non-European IMF candidates floated in the media include former South African finance minister Trevor Manuel, Brazil's ex-central bank president Arminio Fraga, and Min Zhu from China, who is a special advisor to Strauss-Kahn.

You May Like

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face of American Farmer is Changingi
X
Mike Osborne
April 18, 2014
The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid